A court has ruled that Bahamas Petroleum Company is allowed to continue drilling operations on its Perseverance #1 well located off the Bahamas.
Nihon Shipyard Co. Ltd, a joint venture between Japan Marine United Corporation (JMU) and Imabari Shipbuilding Co., Ltd., was established on January 1, 2021. The capital and business alliance comes on the back of all the necessary regulatory approvals and review processes. The Tokyo-headquartered sh
Prosafe is still working to resolve its financial situation with lenders but is still unclear what a final solution may look like.
Vår Energi has appointed Torger Rød as the company’s new CEO following the departure of Kristin Kragseth to lead the Norwegian state-owned Petoro.
Italian oil and gas company Eni has reportedly put on hold its sale of Australian gas assets due to a lack of satisfactory bids.
Offshore accommodation rigs provider Prosafe has won a contract for one of its units for operations offshore Trinidad and Tobago.
Gulf Marine Services (GMS) has agreed on an extension for the conclusion of improved terms for debt structure with its banks.
South Korean shipbuilding heavyweight Korea Shipbuilding & Offshore Engineering (KSOE) has won orders for a total of six containerships worth approximately $818.4 million (KRW 891 billion). The identity of the Asian-based shipowner behind the order was not disclosed. According to Yonhap, the ships w
Tanjung Offshore Services has won a contract from Petronas Carigali for the Bayan Redevelopment Project Gas Phase 2 in Sarawak, Malaysia.
Canadian oil firms Cenovus and Husky Energy have closed their previously announced merger, creating Canada’s third-largest oil and gas player.
Suncor will record a non-cash after-tax impairment charge of approximately $425 million in 4Q 2020 on its share of the White Rose asset and West White Rose.
Dutch marine contractor Boskalis has acquired all the shares of Rever Offshore’s subsea services business. Rever, formally known as Bibby Offshore, provides solutions in the area of subsea construction, inspection, repair and maintenance. The company has historically operated in the North Sea out of
U.S. offshore engineering and construction services provider McDermott has completed the raising of around $560 million in new capital.
i3 Energy has relinquished its UK North Sea licence which contains the Liberator field, after determining that its development would not be commercially viable.
